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Same Jobs, Lower Salaries

Employment in the field of third party administrators and claims adjusting is set to grow 5.7 percent annually between now and 2016, according to industry research firm IBISWorld. Insurance carriers and brokers are increasingly outsourcing risk management functions. In turn, third-party administrators and insurance claim firms will have to bolster personnel. These are not new jobs. These are transplant jobs from brokers and companies to third party administrators. The result will be same number of people employed, but lower salaries.